The San Carlos Real Estate Week in Review: 2-9-13.
February 11, 2013
San Carlos Real Estate Summary.
It didn't start out that way, but it turned out to be a very good week for buyers looking in San Carlos. There were 8 new listings that made their debut last week, which is easily the biggest one-week showing so far this year. Open houses were very well attended the past 2 weekends, and buyers seem eager to pounce on the new inventory that's coming on line as was evident by the 6 listings that went into contract during the same period. Despite the surge in inventory, we're still sitting at 16 SFR listings in the entire city, which is still very low. Keep a close eye on new listings throughout the coming weeks — it will be a very dynamic market going forward.
Here are the numbers from last week:
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 2-9-2013:
| San Carlos Housing Data | 2-9-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
2 | 1 |
| Average Sold Price |
$1,020,500 | $1,622,000 (-38%) |
| Average $/Sq Foot (Sold) |
$613 | $605 |
| Sold Price vs Orig List (%) | 109% | 90% |
| Average DOM of Closed Sales | 14 | 183 |
| No. of Homes Pending Sale: | 20 | 12 |
| Inventory of Active Listings: |
16 | 14 (+14%) |
| Average Price of Active Listings: | $1,302,493 | $1,406,349 |
| Average DOM of Active Listings: | 10 | 46 |
| Average $/Sq Foot (List) | $617 | $574 |
| Active-Pending Ratio: |
0.6 : 1 | 1.2 : 1 |
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
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Single-Family Homes SOLD in San Carlos:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
| Address | Sold Price | Orig. List | Difference | DOM |
|---|---|---|---|---|
| 3140 Brittan Avenue |
$1,050,000 | $900,000 | +$150,000 (+16.7%) |
17 |
| 1929 Cedar Street |
$991,000 | $969,000 | +$22,000 (+2.3%) |
11 |
Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
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Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of any of these homes for additional info:
| Address | DOM (days) | List Price |
|---|---|---|
| 1420 Cordilleras Avenue | 17 | $829,999 |
| 1364 Crestview Drive | 11 | $1,188,888 |
| 249 Highland Avenue | 116 | $1,798,000 |
| 140 Belvedere Avenue | 15 | $649,000 |
| 148 Chestnut Street | 7 | $999,000 |
| 1400 Eaton Avenue | 7 | $1,325,000 |
Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
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New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 147 Leslie Drive | $1,385,000 | 5BR/3BA | 2,660/13,300 | Laura Bertolacci, Today Sothebys |
| 344 Oakview Drive | $1,150,000 | 3BR/2BA | 1,800/5,500 | Teri Shaughnessy, RE/MAX |
| 1124 Orange Avenue | $1,095,000 | 3BR/2BA | 1,740/6,400 | Raziel Ungar, Coldwell Banker |
| 278 Vine Street | $989,000 | 3BR/2BA | 1,500/5,000 | Chuck Gillooley, Alain Pinel Realtors |
| 108 Ruby Avenue | $899,000 | 2BR/1.5BA | 1,210/6,050 | Bryce Cook, Today Sothebys |
| 1236 Howard Avenue | $775,000 | 2BR/1BA | 1,430/5,200 | Michael Cunningham, Broker |
| 959 Alameda | $650,000 | 3BR/1BA | 1,150/5,270 | Ann Olea, Keller Williams |
| 1020 Springfield Drive | $559,000 | 2BR/1BA | 820/5,000 | Jim Minkey, Today Sothebys |
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
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